29-08-2012, 04:40 PM
(29-08-2012, 02:39 PM)Nick Wrote: Their recurring income hasn't been great -
1H 2012 (SGD)
Revenue: $52.41 mil
NPI: $32.96 mil
Trustee-Manager Fees: $8.37 mil
Administrative Expense: $5.14 mil
Net Interest Expense: $26.01 mil
This results in recurring loss of $6.56 million ! I guess value will come from the sale of its investment assets and distributions of sale proceeds to shareholders. Please correct me if my figures are incorrect.
(Not Vested)
You are right, Im sure the value will come once Beijing Logistic park is divested off! That is actually a choice property. Should attract many potential suitors including GLP themselves.
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